1311 Madrigall Parkway, Dallas, TX 75206

$2,596,000
  • 1311 Madrigall Parkway, Dallas, TX 75206 Main Photo

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New to the Market Active
BEDS12 BATHS8 full 4 partial SQUARE FEET7,080 MLS#21385091
STATUSActive PROPERTY TYPEMulti Unit - Multiple SUBDIVISIONGREENVILLE TERRACE SCHOOLDallas ISD

Property Description

Greenville Terrace presents a unique opportunity to acquire an entire four-unit, new-construction townhome development in the heart of Lower Greenville, one of East Dallas’ most desirable and vibrant neighborhoods. Designed with today’s rental market in mind, this property combines modern finishes, spacious floor plans, private garages, and rooftop living in a highly sought-after urban location.The development consists of four three-story townhomes, each offering 3 bedrooms, 2.5 bathrooms, an attached 2-car garage, and private rooftop access with impressive Dallas skyline views. Interiors feature open-concept living and dining areas, quartz countertops, stainless steel appliances, luxury vinyl plank flooring, hardwood stairs, and modern designer finishes throughout.With four separate residences under one ownership, Greenville Terrace offers an investor the opportunity to establish a rental portfolio within a single newly constructed property. New construction provides the additional advantage of modern systems, finishes, and building components, reducing the immediate capital improvement needs often associated with older investment properties.Located just steps from Greenville Avenue, future tenants can enjoy convenient access to some of Dallas’ most popular restaurants, bars, coffee shops, retail, entertainment, and neighborhood destinations. The combination of 3-bedroom layouts, attached 2-car garages, private rooftops, modern construction, and a premier East Dallas location creates a compelling offering for the rental market.An exceptional opportunity for an investor seeking four income-producing residences in one of Dallas’ most desirable urban neighborhoods.The HOA structure is currently under development, The purchaser will have the opportunity to establish HOA according to their ownership and operational plans.For GPS directions to Greenville Terrace, enter 5512 Bryan Parkway, Dallas.

1311 Madrigall Parkway | MLS# 21385091

This multi-family property located at 1311 Madrigall Parkway, Dallas, TX 75206 is currently listed for sale with an asking price of $2,596,000. Madrigall Parkway is located within the Dallas ISD school district. Search Dallas real estate on www.gayelynnrast.com today.

Property Features

Property Type: Multi Unit - Multiple
Cooling: Heat Pump
Garage: 8 car attached
Heating: Heat Pump
Lot Size: 0.17 Acres
Roof Type: Flat, Synthetic
Year Built: 2026

Amenities

Built-in Features
Kitchen Island
Open Floorplan
Pantry
Walk-In Closet(s)
Wired for Data
Permeable Paving

Feature Descriptions

Appliances: Dishwasher, Disposal, Electric Range, Electric Water Heater, Microwave, Refrigerator, Vented Exhaust Fan
Days on Site: 2
Exterior: Unknown
Fencing: Back Yard
Flooring: Luxury Vinyl Plank, Tile
Green Features: Appliances, Construction, Doors, HVAC, Insulation, Waterheater, Windows
HOA Fee: 275/ Monthly
Parcel#: 0679 00G 00400 1000679 00G, 000679000G04D0000
Parking: Additional Parking, Concrete, Garage Door Opener, Garage Double Door, Garage Faces Side, Shared Driveway
Parking Notes: Additional Parking, Concrete, Garage Door Opener, Gar
Security: Carbon Monoxide Detector(s), Firewall(s), Smoke Detector(s)
Units: 4
Utilities: Asphalt, City Sewer, City Water, Curbs, Electricity Connected, Individual Water Meter, Sidewalk, Underground Utilities

Local Schools

Elementary School: Geneva Heights
School District: Dallas ISD

Listed By / Shown By

Listed By

Agency Name: Monument Realty
Agency Contact: 214-773-9669
Agent Name: Glenda Fabregas

agent picture

Shown By

Agent Name: Gaye Lynn Rast
Agent Phone: (254) 709-1909
Agency Title: Kelly, Realtors

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Estimated Payment

$ 6,534.74 per month $5,777.57 Principal & Interest $0.00 Property Tax (data not provided by mls) $757.17 Homeowner's Insurance

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